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Waterfront Lot on Innerarity Island
For Sale
$385,000

16326 Tarpon Dr, Pensacola, FL 32507

LAND - Pensacola, FL

Property SizeContact for details
Lot Size0.26 Acres
Days on Market286

Property Features for 16326 Tarpon Dr

General Information

Property type Land
Property subtype Other
Subdivision Russell Bayou
View Water
Elementary school Hellen Caro
Middle school BAILEY
High school Escambia
Directions From Sorrento Road turn right at Innerarity Pointe Road. Go through the gate onto Innerarity Island. Take left at the gate at the entrance to Russell Bayou. Go straight and take left on Narwhal Drive. Take right on Tarpon Drive and the lot is near the end of the road on the right.
Standard status Active
APN 153S323000060008
Lot size 0.26 Acres

Taxes and HOA fees

Tax Description LOT 6 BLK H RUSSELL BAYOU AT INNERARITY ISLAND PHASE II PB 17 P 22 & 22A OR 7039 P 1024
Legal Description LOT 6 BLK H RUSSELL BAYOU AT INNERARITY ISLAND PHASE II PB 17 P 22 & 22A OR 7039 P 1024

Utilities

Water source Public
Water front features Waterfront
Water front 1
Listing Agency: ASMAR & ASSOCIATES
Listed By: Joel Asmar
Added: Nov 11, 2025 Changed: Apr 27 Last Checked: Aug 24 at 4:06AM
MLS# 673627

Copyright © 2026 Pensacola Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 0.259-acre waterfront lot is located in the Russell Bayou subdivision on Innerarity Island. The property fronts Russell Bayou, providing direct access to the Intracoastal Waterway. The location is suitable for boating enthusiasts, with proximity to Orange Beach and the pass to the Gulf. The Russell Bayou subdivision includes amenities such as a pool, tennis court, nature preserve, and gated entrance. New homes have recently been constructed in the area. The lot will require a seawall and backfill. Wetlands are confined to the waterfront section and are protected by a FDEP conservation easement.

Key Highlights

  • Direct waterfront lot on Russell Bayou with access to the Intracoastal Waterway and Gulf.
  • Excellent location for boating enthusiasts, close to Orange Beach.
  • Russell Bayou subdivision amenities: pool, tennis court, nature preserve, and gated entrance.

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Electrical Service Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

17
Businesses Nearby

Demographics for 32507, FL

31,215
Population
19,131
Households
1.6
Avg Household Size
44
Median Age
32%
College-Educated
91%
High-School Grad
27.9 sq mi
ZIP Area
1,119
Density / Sq Mi
$69,802
Median Household Income
$38,000
Median Earnings
$1,238
Median Rent
$267,100
Median Home Value
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - Waterfront lot with Intracoastal access and community amenities.
Where is this residential land & home lot located?
The property is located at 16326 Tarpon Dr Pensacola, FL.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Direct waterfront lot on Russell Bayou with access to the Intracoastal Waterway and Gulf.; Excellent location for boating enthusiasts, close to Orange Beach.; Russell Bayou subdivision amenities: pool, tennis court, nature preserve, and gated entrance.
More about this property
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